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Transsion’s Nearly Two-Year Run of Uninterrupted Growth in Africa Comes to an End

Source: Counterpoint Market Pulse Service

Two years of the pandemic, supply chain disruptions and slowing economies in Africa finally caught up with Shenzhen-based African mobile phone giant Transsion. The company released its first-quarter results earlier this month that revealed drops in revenues (1.8%), profits (7.6%), and smartphone sales (7%) compared to the same time last year.

But the news wasn’t all bad. Transsion’s downturn in Africa was offset by strong performances in the Middle East and Asia.

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